Credit Rating Report

Kinetic Advantage Master Owner Trust, Series 2024-1: Rating Report

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Summary

DBRS, Inc. (Morningstar DBRS) finalized its provisional credit ratings on the notes issued by Kinetic Advantage Master Owner Trust, Series 2024-1 (KAMOT 2024-1) as listed. The KAMOT 2024-1 transaction represents the inaugural term securitization of Kinetic Advantage, LLC's (Kinetic) wholesale receivables. The KAMOT 2024-1 trust assets include receivables originated in connection with the purchase and financing by motor vehicle dealers. Funds are advanced by Kinetic and are used mainly by independent dealers to purchase used car, truck, and utility vehicles.

Ratings

Kinetic Advantage Master Owner Trust, Series 2024-1
  • Date Issued:Apr 12, 2024
  • Rating Action:Provis.-Final
  • Ratings:BBB (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

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